New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-10-12
GARRETT DID NOT ATTEND.
THE COMMITTEE SAT WITHOUT HIM.
SPECULATION IN BALTIMORE ABOUT THE cITY's
GREAT RAILROAD.

GREAT RAILROAD.
tBr TKLEoRAPH TO THE TnIBuNkf
BALTIMORE, Oct 11That Robert Garrett IL still an
Gy about the deposition made Of tho Baltimore and Ohio
Telegraph demonstrated to-day by his failure to at
tend the meeting Of the finance committee Of the
pany 1t had boon arranged hold this meeting Mr.
CARROTS return. and important that he should
attend Although It was given out yesterday
at his countrysoat that Mr. Garrett would
remain there for several days to rest
from the fatigue Of his voyage and his eIertions
In NewYork he drove into tho city last evening and
spent couple of hours at the Maryland Club and ap-
pearod Is hearty aud In happy and contened frame
of mind millionaire could be expected to be In But
when he did not show himself at his Office to-day
surprise wasexprsssed than yesterday Many business
men and members OF the Baltimore and Ohio directory
called to-day as they did yesterday and were
told that Mr.. Garrett would not be at
the Office to-day. It was also reported
that he would not be likely TO attend the directors meet
ing of the stockholders Tomorrow but would send any
statement he had mako in the way Of explanation in
writing
Members Of tho Maryland Club, who were In Mr. Gar
rets company last evening declare that he rcraned
from passing any comment Mr. Gould or saying any
thing about the deal.
As regards to morrows meeting there is lots OF specu
ation. southst full II gossip to-day about 1t. Tho
impression prevailed that the company would not declare
ANY dividend OF the directors said that he thought
dividend would be declared and that 1t would not be
less than per The members present at the meet
ing Of the Finance Committee to-day were John X. Cowen
chief counsellor; John Gregg. representing the stock
holders; Colonel Robert Ober and f. J. Harmison. on
the part OF the city, and George L. Vanbbber repre-
ssntng State Little could be learned what the
mittee did.
member Of the Finance Committee stated that Mr..
Garrett is angry with Mr. Burns president pro tenn Of
the company for what done during his absence In
Enrn, ola hat
like TO interfere with the sale II he could do 80 with
prospect OF success but that all efforts would un-
donbtedy futile he has concluded To let thlngs
take their course Mr. Garrett" further con-
tinusd the speaker has an idea that be could have
ebtane at least million dollars for the property
The mcpbors OF the Finance Committee are. however.
well pleased with the result OF Mr. Bnrnss nesotiaons
and have by unanimous vote ratifedthe transaction.
Is the sleepingcar system to DO sold at an early
day r. was asked
IL think not and shall not only oppose Its sale. but
shall at the meeting OF the directors tomorrow insist
tnat the charges To Its patrons shall be reduced.
high, the kept full about half
the time Ny view that reduction OF rates uoudresut
In Keeping the ded constantly have aot sxsm-
nsd the books OF that department personally but have
last year paid seventy per cent on the amount n-
vested The sleepsg system ought not o be parted
win and lhe express stem should not nave 9een & so
The roads income for September, was learned. was
smaller than for August The director above quoted
when asked II Mr. Garrett would resign morrow said
" cannot say definitely The road Itself. disconnected
nrs-clsss railroad mas TO Eeepit there"
In regard to the visit OF Dr Mstcalf close friend OF
Mr. Garrett stated today that tic visit Of that gentleman
look at the Lnglsh pheasants. OF which Mr. Car
has number at hts country place The doctor takes
interest In them, and comes to see them several times
year -,
The following tho substance OF dispatch 10 The
American from New York:
"On Monday. September ). three days after the an
nouncement ~ the completion OF tho negotia-
tions between the Baltimore and ohio authorities and
the syndicate OF bankers Inc AmrricdU correspondent
teegra phed upon the best Of authority That President
Robert Garrett would resiEn ami that his successor
would be Mr. Samuel Spencer. the present nIst wee
president It further stated that Mr.. sponcers
election would be with Mr. CARROTS full concurrence
aHd consent Upon the same authority can now en-
phasze these Statements President Garrett Will tender
his Resignation tomorrow although action may possibly
be postponed until the annual meeting In November,